Oil and gas: page 61

Baku, Azerbaijan. The volume of gasoline production at three oil refineries of Kazakhstan, namely, Pavlodar, Atyrau and Shymkent, is expected to stand at 4. 102 million tons by late 2018. This was reported by the vice-minister of energy Magzum Mirzagaliyev.
"It is planned to ...

Moscow. PAO NOVATEK announced that its subsidiary OOO Arctic LNG 3 commenced drilling of the first well at the North-Obskiy license area located in the shallow waters of the Ob Bay. This was reported in the press service of the company.
The initial well is drilled using a jack-up floating ...

Texas/London. In the pine forests of eastern Texas, oilfield workers equipped with virtual-reality goggles are helping BP’s (BP. L) shale business turn a profit for the first time. Thousands of automated wells feed data on their performance into the firm’s supercomputers each evening. ...

Tokyo. Oil prices were mixed on Monday with U. S. benchmark WTI nudging higher after four weeks of declines, while Brent began the week lower as the fallout from trade tensions weighed on markets. U. S. West Texas Intermediate (WTI) crude futures were up 15 cents, or 0. 2 percent, at $68. 84 ...

Johannesburg. The current oil price, which is around $74 per barrel, has already taken into account the risk of the US sanctions against Iran and the market is now balanced, Russia’s Energy Minister Alexander Novak told reporters on the sidelines of the BRICS summit.
"I think ...

Baku, Azerbaijan. A company to implement the Ionian-Adriatic Pipeline (IAP) project will be established until September 2018. This was told by the director of the Balkan company SOCAR Murad Heydarov.
The head of the company noted that the process of IAP implementation is proceeding well. ...

Tokyo. Oil prices edged down on Friday after three days of gains, but were still supported by Saudi Arabia’s halt on transporting crude through a key shipping lane, falling U. S. inventories and easing trade tensions between Washington and Europe. Brent futures were down 6 cents at $74. ...

Tazovsky, YaNAO. PJSC "LUKOIL" announces that the cumulative natural gas production at the Pyakyakhinskoye oil and gas condensate field in the Yamal-Nenets Autonomous District exceeded 5 billion cubic meters. This is stated on the company's website.
The cumulative production ...

Washington. U. S. crude stocks fell last week, while gasoline and distillate inventories also declined. This was reported by the Energy Information Agency on Wednesday.
Crude inventories USOILC=ECI fell by 6. 1 million barrels in the week to July 20, compared with analysts’ ...

New York. Oil prices rose for the second consecutive day on Wednesday after U. S. government data showed domestic crude inventories fell to their lowest since February 2015. This eased fears about the excess supply that weighed on the markets in recent weeks.
Brent crude futures rose 49 ...

Moscow. PAO NOVATEK today released its consolidated interim condensed financial statements as of and for the three and six months ended 30 June 2018 prepared in accordance with International Financial Reporting Standards (“IFRS”). This is reported on the company's site.
In ...

Moscow. PJSC "LUKOIL" announces the completion of drilling of the first production well from the wellhead platform at the Yury Korchagin field in the Caspian Sea. This was reported in the press service of the company.
The well was drilled within the second field development stage ...

Washington. The United States has reiterated its stance against the implementation of Russia’s Nord Stream 2 gas pipeline project. This is stated in the statement of the Press Secretary of the US State Department Heather Nauer.
According to the statement, US Assistant Secretary of ...

Moscow. Russian oil company Rosneft is planning to start oil projects in northern Iraq. Representatives from Rosneft and Duhok city officials discussed working on three oil fields and five blocks in the province in August.
In 2017, Rosneft and Kurdish Regional Government (KRG) of Iraq ...

Baku, Azerbaijan. Italian Saipem oil and gas company is pursuing new opportunities in Azerbaijan. This was reported in the company after the Azerbaijani-Italian business forum in Baku.
"In continuous cooperation with our partner Bos Shelf we are pursuing new opportunities in the ...

Tokyo. Oil prices rose for a second day on Wednesday after industry group data showed U. S. crude inventories fell more than expected last week. Brent crude was up 54 cents, or 0. 7 percent, at $73. 98 a barrel by 0318 GMT.
The global benchmark settled 38 cents higher at $73. 44 a barrel ...